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4. Hisham Kassem, a publisher and analyst, said the Mubarak regime used land as a tool "to control a private sector that it feared could become too politically influential if it was independent of government."

5. The property developers say that the big profits made on paper "need to be judged against the massive risks they take and the huge investments they are making."

"Yes, these margins are perceived as high, but how many years of investment did it take to achieve these margins?" said Mohamed Kamel, chief executive of Egypt Resort Company.

"You are trying to attract investors to very remote areas which are complete desert."

3 comments:

This 70 billions fortune rumor is like comparing Sadam Hussein to Hitler and that he had these famous WMDs. The usual suspects have all their journalists in the right places to spread these lies. I was surprised that Russia Today felt for this rumor. So much for independent media!

Hi Aang, It's part of the divide and conquer plan, to get the people disliking Mubarak and putting him into the "super rich" catergory like Bill Gates et al.The same thing happend with Tunisia's Ben Ali..ie with the report that his wife, Leila was taking all that gold from the bank.(she stuffed it in her bra hey?)

The Poor dislike the rich, especially the VERY rich, and for good reason.So this is typical tactics from the creatures.Divide and Conquer blah blah.Cheers A13